Gagasan Nadi inks affordable housing deal

From left: Kwasa Land Sdn Bhd senior general manager of corporate services Nor Hazqiah Che Idris, Kwasa Land managing director Adenan Md Yusof, Gagasan Nadi Cergas Bhd group managing director Wan Azman Wan Kamal and Nadi Emery Sdn Bhd executive director of property development WM Faris W Omar.

PETALING JAYA: Gagasan Nadi Cergas Bhd has signed two development rights agreements (DRAs) to build affordable housing under the Rumah Idaman programme in the Kwasa Damansara township, with a gross development value (GDV) of RM1bil.

In a statement, Gagasan said its subsidiary – Nadi Emery Sdn Bhd (NESB) – had signed the DRAs with Kwasa Development (13) Sdn Bhd (KD13), a wholly owned subsidiary of Kwasa Land Sdn Bhd.